DowDuPont cleaves off safety consultancy

DOWDUPONT is spinning off its safety and sustainability consultancy DuPont Sustainable Solutions (DSS).

The split is set to take place in July, led by the existing management team and supported by Swiss investment firm Gyrus Capital. The financial terms of the deal have not been disclosed, nor the length of time that the company will continue to trade under the DuPont name.

DowDuPont – which was formed when chemicals majors Dow and DuPont merged in 2017 – is set to divide into three businesses later this year. The three companies will separately focus on agriculture, materials science, and specialty products. DuPont Sustainable Solutions is currently part of the specialty products division, which will take the name DuPont when the three divisions go it alone.

“We are extremely proud of the many accomplishments we’ve made together with DSS. The DSS team has always been the practitioners and leaders embodying our core value of safety, and in the new DuPont we remain resolute in our commitment to safety and health,” said Marc Doyle, Chief Operating Officer, DowDuPont Specialty Products.

DSS has more than 600 consultants advising firms in more than 60 countries. It advises process industry companies on managing risk, and improving the safety, sustainability and productivity of operations.

DowDuPont has provided an update on the dates it will separate off its three divisions into independent companies. Its materials division will retain the Dow name and will become independent on 1 April,  and its agriculture division Corteva will split off from the new specialty products business on 1 June.